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gisellerol gisellerol
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6 months ago

The difference between artificial rents and real rents is that



▸

artificial rents are contrived by government and real rents are not.



▸

real rents are usually bigger than artificial rents.



▸

artificial rents occur only if the supply curve for the good in question is perfectly inelastic.



▸

artificial rents are subject to rent seeking and real rents are not.

Textbook 
Economics

Economics


Edition: 12th
Author:
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SagxarSagxar
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6 months ago
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gisellerol Author
wrote...

6 months ago
Smart ... Thanks!
Katey_maree
wrote...

Yesterday
You make an excellent tutor!
Goku935
wrote...

2 hours ago
Good timing, thanks!
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